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Friday, 05 February 16
COAL INDIA EYES COAL MINES IN SOUTH AFRICA - PTI
 “Coal India Ltd has plans of acquiring coal mines in South Africa,” an official said. It is looking at acquiring mines in partnership with the government of South Africa, he said, declining to share further details.
As it gears up to meet 1 billion output target, state-owned CIL is planning to acquire coal mines in South Africa in partnership with local government amid falling prices of assets globally. “Coal India Ltd has plans of acquiring coal mines in South Africa,” an official said. It is looking at acquiring mines in partnership with the government of South Africa, he said, declining to share further details.
The world’s biggest coal miner had earlier decided to relinquish about three-fourths of the two blocks it was allotted in Mozambique for exploration and development. The decision was based on interim geological report prepared CMPDIL – a planning subsidiary of CIL. Coal India Africana Limitada (CIAL), a fully-owned subsidiary of the state-owned firm, was allotted two leasehold licences for extraction of coal of about 224 sq km in Tete province of Mozambique in August 2009.
“I can only say you that Coal India has plans of acquiring mines in South Africa in partnership with the government there,” the CIL official said. Sharing his views on availability of coal assets in global market, KPMG’s Niladri Bhattacharjee said that just because an asset is priced less may not make it suitable for acquisition. Operating coal assets up for sale globally may now be priced low for the simple reason that they are uncompetitive and global demand is structurally reduced on account of Chinese growth going out of the market, he said.
“New reserves (in Mozambique or Waterberg region of South Africa) suffer from developmental and evacuation challenges thereby increasing their time-to-value. Also the ocean freight and evacuation from discharge port stand-point will continue to pose a challenge for imported coal being competitive,” Bhattacharjee said, adding that any new asset investment needs to be with a horizon of 30 years or so. With the uptick in domestic coal production and renewables, imports are steadily decreasing. It is perhaps best for coal public sector undertakings to focus on maximising domestic production now than investing on assets which can turn into a liability post 2025/2030, he said.
According to Rajiv Agrawal, Secretary, Indian Captive Power Producers Association, on an average current South African coal price is between USD 42-44 per tonne and the futures market suggests below USD 40 per tonne. On the other hand, average domestic prices of coal were in the range of Rs 1,100 to Rs 1,200 per tonne, about half that rate.
CIL, which accounts for over 80 per cent of the domestic coal production, has targeted one billion tonnes of dry fuel output by 2020. It is set for a record production of 550 million tonnes this fiscal.
Source: PTI | Hellenic Shipping News
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Wednesday, 10 February 16
OWNERS APPEAR WILLING TO DISPOSE OF TONNAGE THE SOONEST IT HITS THE 10 YEAR MARK - TIMOS PAPADIMITRIOU
COALspot.com: The last two months of 2015 made a case for traditional shipowners to invest in the dry bulk sector, doing so though based purely on ...
Monday, 08 February 16
DRY-BULK SHIPPING DIVING DEEP
COALspot.com: The freight markets continued to fall this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of glo ...
Monday, 08 February 16
DRY BULK: SHIPBROKER SEES BDI MARKET REACHING LOW POINT OF 236 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The endless pit that is the dry bulk market over the past two months, has been the issue of debate among ship owners, shipbroker and analysts alike ...
Friday, 05 February 16
U.S. WEEKLY COAL OUTPUT ROSE 4.2% TO 13.6 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.6 million shor ...
Thursday, 04 February 16
CAPESIZE: WEST AUSTRALIAN TO CHINA HAS BEEN CONCLUDED AT US$ 2.85 PMT AND THE C3 MARKET REMAINS INACTIVE - FEARNLEYS
Capesize
As everyone is getting ready for the Chinese new year, already depressed rates are under further pressure.
According to Fearnleys, ...
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- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Australian Coal Association
- Central Electricity Authority - India
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
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